---
title: O.C.G.A. § 32-10-103. Rights and remedies of holders of bonds or interest coupons and of indenture trustees.
collection: code
id: 32-10-103
cite_as: O.C.G.A. § 32-10-103 (2025)
canonical_url: https://georgiacommons.org/code/32-10-103
md_url: https://georgiacommons.org/code/32-10-103.md
text_url: https://georgiacommons.org/code/32-10-103/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t32-(v23a)-2019-pdf.pdf?sfvrsn=b4b1408c_0#page=468
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: HIGHWAYS, BRIDGES, AND FERRIES / PUBLIC AUTHORITIES / STATE ROAD AND TOLLWAY AUTHORITY / REVENUE BONDS
---

# O.C.G.A. § 32-10-103. Rights and remedies of holders of bonds or interest coupons and of indenture trustees.

Any holders of revenue bonds issued under this article or any of the coupons appertaining thereto, any duly appointed receiver of such bonds or coupons, and any indenture trustee for bondholders, except to the extent the rights given in this Code section may be restricted by resolution passed before the issuance of the bonds or by the trust indenture, may, either at law or in equity, by action, mandamus, or other proceedings, protect and enforce any and all rights under the laws of Georgia or granted in this Code section or under such resolution or trust indentures and may enforce and compel performance of all duties required by this article or by such resolution or trust indenture to be performed by the authority or any officer thereof, including the fixing, charging, and collection of revenues, tolls, and other charges for the use of the project or projects. No holder of any such bond or receiver or indenture trustee thereof shall have the right to compel any exercise of the taxing power of the state to pay any such bond or the interest thereon or to enforce the payment thereof against any property of the state; nor shall any such bond constitute a charge, lien, or encumbrance, legal or equitable, upon any property of the state.

## History

Ga. L. 1953, Jan.-Feb. Sess., p. 302, § 25; Code 1933, § 95A-1262, enacted by Ga. L. 1973, p. 947, § 1; Ga. L. 1982, p. 3, § 32.